Jacobi Capital Management LLC Takes $97,000 Position in Southwestern Energy (NYSE:SWN)

Jacobi Capital Management LLC purchased a new stake in shares of Southwestern Energy (NYSE:SWN) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 12,830 shares of the energy company’s stock, valued at approximately $97,000.

Several other hedge funds have also modified their holdings of the stock. Ontario Teachers Pension Plan Board bought a new stake in shares of Southwestern Energy during the first quarter valued at approximately $598,000. Intech Investment Management LLC bought a new stake in shares of Southwestern Energy during the first quarter valued at approximately $664,000. Tocqueville Asset Management L.P. grew its stake in shares of Southwestern Energy by 656.7% during the first quarter. Tocqueville Asset Management L.P. now owns 2,252,450 shares of the energy company’s stock valued at $17,074,000 after purchasing an additional 1,954,800 shares during the last quarter. QRG Capital Management Inc. grew its stake in shares of Southwestern Energy by 147.7% during the first quarter. QRG Capital Management Inc. now owns 75,267 shares of the energy company’s stock valued at $571,000 after purchasing an additional 44,882 shares during the last quarter. Finally, Headlands Technologies LLC grew its stake in shares of Southwestern Energy by 283.0% during the first quarter. Headlands Technologies LLC now owns 15,020 shares of the energy company’s stock valued at $114,000 after purchasing an additional 11,098 shares during the last quarter. 86.97% of the stock is owned by institutional investors.

Southwestern Energy Trading Up 0.2 %

SWN traded up $0.02 during mid-day trading on Monday, hitting $6.70. The stock had a trading volume of 16,119,620 shares, compared to its average volume of 16,097,923. The stock’s fifty day simple moving average is $7.07 and its 200-day simple moving average is $7.04. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.62 and a quick ratio of 0.62. Southwestern Energy has a 1-year low of $5.93 and a 1-year high of $7.80. The firm has a market capitalization of $7.38 billion, a price-to-earnings ratio of -3.85 and a beta of 1.17.

Southwestern Energy (NYSE:SWN) last issued its quarterly earnings data on Thursday, May 2nd. The energy company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.01). Southwestern Energy had a positive return on equity of 9.00% and a negative net margin of 32.93%. The company had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the prior year, the company earned $0.31 EPS. The firm’s revenue was down 33.1% on a year-over-year basis. As a group, research analysts forecast that Southwestern Energy will post 0.61 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently weighed in on SWN shares. StockNews.com started coverage on shares of Southwestern Energy in a report on Wednesday, July 17th. They issued a “hold” rating on the stock. Susquehanna cut their price objective on shares of Southwestern Energy from $8.00 to $7.00 and set a “neutral” rating on the stock in a report on Monday. Mizuho increased their price objective on shares of Southwestern Energy from $9.00 to $10.00 and gave the company a “neutral” rating in a report on Monday, May 13th. Piper Sandler restated a “neutral” rating and issued a $7.00 price objective (down from $8.00) on shares of Southwestern Energy in a report on Friday, April 19th. Finally, Scotiabank lowered shares of Southwestern Energy from a “sector outperform” rating to a “sector perform” rating and increased their price objective for the company from $9.00 to $9.50 in a report on Thursday, April 11th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $8.42.

Southwestern Energy Profile

Southwestern Energy Company, an independent energy company, engages in the exploration, development, and production of natural gas, oil, and natural gas liquids (NGLs) in the United States. It operates through two segments, Exploration and Production, and Marketing. The company focuses on the development of unconventional natural gas and oil reservoirs located in Pennsylvania, West Virginia, Ohio, and Louisiana.